Schwab Charles Investment Management Inc. boosted its stake in shares of CarMax Inc (NYSE:KMX) by 3.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 662,120 shares of the company’s stock after purchasing an additional 19,054 shares during the period. Schwab Charles Investment Management Inc. owned 0.36% of CarMax worth $50,196,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. State of Alaska Department of Revenue acquired a new stake in CarMax during the 2nd quarter worth approximately $112,000. Strs Ohio lifted its holdings in CarMax by 129.6% during the 2nd quarter. Strs Ohio now owns 6,306 shares of the company’s stock worth $397,000 after purchasing an additional 3,560 shares during the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in CarMax by 74.7% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 10,710 shares of the company’s stock worth $676,000 after purchasing an additional 4,580 shares during the last quarter. Korea Investment CORP lifted its holdings in CarMax by 140.5% during the 2nd quarter. Korea Investment CORP now owns 1,768 shares of the company’s stock worth $111,000 after purchasing an additional 1,033 shares during the last quarter. Finally, Advisor Partners LLC lifted its holdings in CarMax by 5.6% during the 2nd quarter. Advisor Partners LLC now owns 3,810 shares of the company’s stock worth $240,000 after purchasing an additional 201 shares during the last quarter.

Several analysts recently weighed in on the company. UBS cut CarMax from an “outperform” rating to a “market perform” rating in a report on Thursday, October 5th. Oppenheimer lowered CarMax from an “outperform” rating to a “market perform” rating and set a $80.00 price objective on the stock. in a research note on Thursday, October 5th. CIBC restated a “market perform” rating on shares of CarMax in a research note on Thursday, October 5th. Berenberg Bank began coverage on CarMax in a research note on Wednesday, October 4th. They set a “hold” rating and a $83.00 price objective on the stock. Finally, Credit Suisse Group lifted their price target on CarMax from $75.00 to $83.00 and gave the company an “outperform” rating in a research note on Friday, September 29th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. CarMax has a consensus rating of “Hold” and a consensus target price of $77.00.

In other CarMax news, Director Thomas J. Folliard sold 16,000 shares of CarMax stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $68.39, for a total transaction of $1,094,240.00. Following the transaction, the director now directly owns 495,572 shares of the company’s stock, valued at approximately $33,892,169.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Thomas J. Folliard sold 8,000 shares of CarMax stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $68.72, for a total value of $549,760.00. Following the transaction, the director now directly owns 447,572 shares in the company, valued at $30,757,147.84. The disclosure for this sale can be found here. Insiders have sold a total of 625,955 shares of company stock worth $46,214,378 over the last ninety days. Company insiders own 1.90% of the company’s stock.

Shares of CarMax Inc (KMX) traded down $2.99 during mid-day trading on Wednesday, reaching $67.72. The company had a trading volume of 3,143,600 shares, compared to its average volume of 2,226,024. The company has a market cap of $12,892.55, a price-to-earnings ratio of 19.43, a P/E/G ratio of 1.19 and a beta of 1.48. CarMax Inc has a twelve month low of $54.29 and a twelve month high of $77.64. The company has a debt-to-equity ratio of 3.82, a current ratio of 2.33 and a quick ratio of 0.48.

CarMax (NYSE:KMX) last issued its quarterly earnings data on Friday, September 22nd. The company reported $0.98 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.03. The business had revenue of $4.39 billion for the quarter, compared to analyst estimates of $4.26 billion. CarMax had a return on equity of 21.88% and a net margin of 4.09%. CarMax’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 EPS. sell-side analysts anticipate that CarMax Inc will post 3.84 earnings per share for the current fiscal year.

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About CarMax

CarMax, Inc (CarMax) is a holding company. The Company is a retailer of used vehicles. The Company operates through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The Company’s CarMax Sales Operations segment consists of all aspects of its auto merchandising and service operations, excluding financing provided by CAF.

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Institutional Ownership by Quarter for CarMax (NYSE:KMX)

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